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List of top 10 Rich and successful businessman in India

India is home to some of the world’s most successful and influential businessmen. Here are ten of the most famous businessmen in India: 1. Mukesh Ambani  is the oldest son of Dhiru Bhai  Ambani and the chairman and owner of Reliance Industries. With a net worth of $56.6 billion, he is currently the richest person in India and the 13th richest person in the world (The world listing gets updated every time). Reliance Retail, Reliance Capital, Reliance Fresh, Reliance Petrol pump, Reliance Petroleum, Reliance Foundation, Reliance Digital, and many more, all this comes under the ownership and management of reliance industries. 2. Azim Premji is the chairman of Wipro Limited, an Indian IT firm. He is also an Indian billionaire, business tycoon, businessman, and philanthropist. With a net worth of $22.6 billion, he is the second richest person in India. 3. Gautam Adani is the founder and chairman of the Adani Group, a company engaged in port development and activities in India. He is also kn
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Biggest scams in India ever committed after independence.


Biggest scams in India after Independence


Have you ever imagined a country with so many religions, caste, faith, and population, its management, crime and justice?

India is known to be a country with a rich and diverse history, culture, and democracy. Its existence in the world more than 5000 years, It is also a country that has been plagued by corruption and scams since its independence from British rule in 1947. In this blog, we are going to see some of the major scams that have rocked the nation and exposed the nexus of politicians, bureaucrats, businessmen, and criminals.

The Jeep Scandal (1948) Rupees 80 LAKHS

The first scam in independent India was the Jeep Scandal, which involved the purchase of jeeps for the army during the Kashmir conflict.


The government paid rupees Eighty lakh for 200 Jeeps but got delivered only 155.


The Mundhra Scandal (1957)

The first cases of financial fraud in India. It involved the sale of shares of various companies to the Life Insurance Corporation (LIC) by a businessman named Haridas Mundhra at inflated prices.


 The scam came to light when Feroze Gandhi, a member of parliament and the son-in-law of Prime Minister Jawaharlal Nehru, raised the issue in the parliament. 


The Bofors Defense Scandal (1987) Rupees 1,437 crores.

One of the biggest defense scams in India, which involved the purchase of 155 mm howitzer guns from a Swedish company named "bofors".

The Deal was set for rupees one thousand four hundred and thirty-seven crores. But received only sixty-four crores. The scandal was exposed by a Swedish radio station and triggered a massive public outcry.

 

The Stock Market Indian securities scam (1992) Rupees 100 billion




Have you seen the Harshad Mehta story, which is trending on Ott platform. I don't think there is any need to tell you in detail. But still the amount was calculated to be rupees 5000 crores. This was known to be the biggest money market scam, ever committed in India's history.


The Fodder Scam (1996)

The Fodder Scam was a large-scale misuse of public funds meant for animal husbandry in Bihar. The scam was so detailed managed that it involved the fabrication of fake invoices and vouchers for the purchase and supply of food for cattle and livestock, medicines, and equipment's. The scam spanned over twenty years and involved several politicians, bureaucrats, contractors, and officials. The total amount used for the illegal activity was estimated to be around Rupees 9.5 billion. The scam was exposed by a raid conducted by the Central Bureau of Investigation (CBI) in 1996. The main accused in the case were Lalu Prasad Yadav, the then Chief Minister of Bihar, and his wife Rabri Devi, who succeeded him as the Chief Minister after he resigned.



The 2G Spectrum Scam (2008) Rupees 1 Lakh 76 thousand cr.

The biggest telecom scams in India, which involved the allocation of spectrum licenses for 2G mobile services to various companies at throwaway prices.  The Comptroller and Auditor General (CAG) estimated that the scam caused a loss of Rs 1.76 lakh crore to the national treasury. 

The scam was exposed by a report published by The Times of India. These are just some examples of the scams that have tarnished the image of India a developing nation.


 

There are many more scams that have not been mentioned here, such as the Coal Allocation Scam (2012), the Commonwealth Games Scam (2010), the Adarsh Housing Society Scam (2010), etc.

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